Homework SourseThe worldwide consumption of oil in the year 2000 was 112 tr
The world-wide consumption of oil in the year 2000 was 1.12 trillion gallons. From 1979-1999, the average world-wide oil consumption grew by .7% per year. There were about 42 trillion gallons of oil left in the world at the beginning of year 2000. Assuming consumption continues to grow by .7% a year, during what year will the oil supply run out?
Solution
total oil=42 trillion rate of increasing=.7% at 2000 year =1.12trillion so .7% of 42 =2.94 trillion per year so 2.94 * 14 = 42 so its ends after 14 years
